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What are the key steps after incorporation of a private limited company?
After incorporation, a company must open a bank account, obtain PAN and TAN, file INC-20A, issue share certificates, and appoint its first auditor.
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What is Form INC-20A?
Form INC-20A is a declaration of commencement of business that every newly incorporated company must file within 180 days of incorporation.
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Is filing Form INC-20A mandatory for all companies?
Yes, every company having share capital must file INC-20A to confirm that its subscribers have paid for their shares and the business has officially commenced.
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What happens if a company does not file INC-20A on time?
Failure to file INC-20A may lead to a penalty and the company being marked as inactive or struck off by the Registrar of Companies.
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What are post-incorporation compliances under the Companies Act, 2013?
Post-incorporation compliances include opening a bank account, filing INC-20A, issuing share certificates, appointing the first auditor, and maintaining statutory registers.
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When should the first auditor be appointed after incorporation?
The first auditor must be appointed within 30 days from the date of incorporation by the Board of Directors.
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Why is it necessary to issue share certificates?
Issuing share certificates is proof of ownership for shareholders and must be done within 60 days of incorporation.
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Is opening a current bank account mandatory after incorporation?
Yes, it is mandatory to open a current bank account in the company’s name to carry out all financial transactions legally.
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What documents are required after incorporation?
Documents required include the Certificate of Incorporation, MOA, AOA, PAN, TAN, director details, and proof of registered office.
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Do newly incorporated companies need to maintain statutory registers?
Yes, every company must maintain statutory registers such as the register of members, directors, and share allotments.
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What is the timeline for filing post-incorporation forms?
Form INC-20A must be filed within 180 days, and the first auditor must be appointed within 30 days of incorporation.
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Can a company start operations before filing INC-20A?
No, a company cannot legally commence business activities until INC-20A is filed and approved by the ROC.
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What are the fees for incorporation of a private limited company?
The fees vary depending on authorized capital, number of directors, and professional services, typically ranging from ₹6,000 to ₹15,000.
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Are there any government fees for filing INC-20A?
Yes, the government charges a nominal filing fee for INC-20A, which depends on the company’s authorized capital.
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Can post-incorporation compliances be completed online?
Yes, all filings such as INC-20A and auditor appointments are done online through the MCA portal using a Digital Signature Certificate (DSC).
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What are the penalties for not appointing an auditor after incorporation?
If a company fails to appoint an auditor, it may face penalties, and the ROC may not accept future filings until compliance is done.
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Is GST registration mandatory after incorporation?
GST registration is required only if the company’s annual turnover crosses the prescribed threshold or it deals in interstate sales.
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Can Ebizfiling help with post-incorporation compliance?
Yes, Ebizfiling assists with all post-incorporation tasks including filing forms, issuing share certificates, and appointing auditors.
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How long does it take to complete post-incorporation compliance?
The entire process usually takes 7–10 working days, depending on document readiness and government approval.
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Why choose Ebizfiling for post-incorporation services?
Ebizfiling ensures that every compliance, from INC-20A filing to auditor appointment, is completed accurately, on time, and at affordable service fees.